Xave Meegan

founder @frachtisvc

[Xave Meegan @0xave]

Excited to announce we have closed $20m for @frachtisvc Fund I, a crypto-native pre-seed fund supporting builders across decentralised infrastructure, AI, middleware, and consumer apps.

[Xave Meegan @0xave]

@jessewldn congrats to you and the team! Awesome to see

[Xave Meegan @0xave]

@dgt10011 @AdrianUberto @kevinyb @anjan_vinod huge - congrats!

[Xave Meegan @0xave]

@cuysheffield very cool!

[Xave Meegan @0xave]

@indexnetwork_ 🔥

[Xave Meegan @0xave]

@akanksha7196 @KimAdams

[Xave Meegan @0xave]

crazy how agents really make you feel like you can clone yourself to make processes 10-100x more efficient

spent the last 2 weeks building relationships with talented founders in-person

received many deals in the meantime across our website, X, email and Telegram - all of which were assessed by our agents on the backend

Now back behind a PC and able to look at what new founders I should be building relationships with next, as signalled by our agents

rinse and repeat - fine-tune to make this process more efficient over time

[Xave Meegan @0xave]

@litocoen @Ethena_Eco @ethena Congrats mate :)

[Xave Meegan @0xave]

@hyperseref ⭐️

[Xave Meegan @0xave]

@ThruThePhog @frachtisvc My Aussie outfits are finding some PMF in Miami

[Xave Meegan @0xave]

Great start to Consensus Miami at our @frachtisvc founder and investor circle!

Cool to hear from many startups about their early traction. Lots happening on the builder side right now. Fantastic time to be creative about solving hard problems.

We’re investing - DM me to meet!

[Xave Meegan @0xave]

@musecmd @frachtisvc What name?

[Xave Meegan @0xave]

Now in Miami for Consensus 🌴

Hosting our @frachtisvc founder and investor breakfast tomorrow morning:

https://t.co/ghVPKPX6sV

Looking to meet teams here building crypto apps / agents that frontier models and incumbents can’t easily replicate.

DMs open.

[Xave Meegan @0xave]

@regenavocado @frachtisvc thanks appreciate the rec

[Xave Meegan @0xave]

@Snapcrackle great read 👍

fwiw I don’t think the Stripe / Tempo bet can ‘break’ - it might be a question of how fast they can scale GTM as they’re dependent on incumbents actually adopting the tech, which has historically been a very long sales cycle for blockchain projects

[Xave Meegan @0xave]

@tannedoaksprout @stripe I’ll msg you

[Xave Meegan @0xave]

SF / @Stripe Sessions takeaways 🌉

Crypto x Fintech:

- fintech is taking over crypto - they’re raising money without telling investors they’re actually using crypto underneath, crypto founders take note

- corporates are extremely interested in stablecoins, not crypto

- enterprises guarantee if something doesn’t work they’ll make a customer whole, crypto teams don’t do this enough, which important in the agent era when there’s a lot of risk

- imo there’s room for a decentralised network that uses all agent payment standards and is open - @Tempo will be huge for enterprises and massive for blockchain adoption, TBD on timeline for a 3rd party developer ecosystem there

- still think some of the best apps in the world going forward will uniquely use crypto rails in a way competitors (like pure AI) don’t to differentiate and provide better UX / value to users

AI

- AI infrastructure is everywhere, if people think crypto pitches are saturated, try AI

- lots of talk about what AI agents will do but unclear exactly what they’ll be doing in outstanding use-cases

- somewhat consensus in SF that blockchain can improve trust of AI, yet very little founders have answers as to how to make it happen

- becoming more consensus that hardware is a great way to build strong moats in the age of AI

- accessing prop data is a huge moat for AI startups, there’s likely industries that are sitting on very interesting datasets in niche markets that will be high growth in the future, which AI startups can target - interesting investment opportunity

Startups & Fundraising:

- very few founders have good responses for why frontier models won’t eat their startup in the next 6-12 months

- the best startups glue incredibly complex workflows together, which require special kinds of permissions to do so and would be hard for competitors to replicate

- surprising amount of trad VCs have dedicated crypto teams

- talent in SF is best I’ve ever seen, barely had 1 bad pitch across crypto or AI

—

overall I’m very bullish SF and the intersection of crypto, FinTech and AI.

The vibes are high in SF. People are curious in how technologies will intersect and care about distribution / moats. Could see some generational winners here being built at the intersection if not already, then in the future.

Now headed to Consensus Miami! DMs open for builders keen to meet there 🌴

[Xave Meegan @0xave]

@ThisisVanshika @stripe agree we are in the very early innings of this - looking forward to seeing more apps being built here in coming years

[Xave Meegan @0xave]

@nomad_notes @stripe interesting would love to learn more, will DM

[Xave Meegan @0xave]

@atterX_ @stripe keen mate!

[Xave Meegan @0xave]

@fireplacegg @akshayraj_v0